Independent broker-dealers outgrowing RIAs, captive BDs amid industry consolidation

Cerulli research sees major acquisitions and mergers drive growth in the IBD channel, with advisors increasingly drawn to independence and scale.

Oct 2, 2025 - 21:00
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Independent broker-dealers outgrowing RIAs, captive BDs amid industry consolidation
Cerulli research sees major acquisitions and mergers drive growth in the IBD channel, with advisors increasingly drawn to independence and scale.

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